Arizona Legislature Advances Cryptocurrency Reserves: A First for States

The Arizona House of Representatives has taken a significant step forward in exploring cryptocurrency reserves, paving the way for potential state-level Bitcoin investments. The two bills, SB1025 and SB1373, which passed with strong support, aim to establish strategic Bitcoin reserves within the state’s treasury. Notably, these measures represent a first of their kind at the state level, as other states have also begun exploring similar legislation.